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The Trading Pit
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Topstep
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In this article, we’ll be comparing two prop firms, The Trading Pit and Topstep.
Let’s look at all details.
Prop Firms General Details
In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable).
| Prop Firm Details | The Trading Pit | Topstep |
|---|---|---|
| Year Founded | 2021 | 2010 |
| Offices Location | Liechtenstein | Chicago, Illinois, USA |
| Maximum Balance | $5,000,000 | $150,000 |
| Keep First Profits | Challenge Fee | $5,000 |
Instruments
Here’s a list of all instruments supported by The Trading Pit and Topstep. I divided the list into two parts to show CFDs products and Futures products.
| Instruments CFDs | The Trading Pit | Topstep |
|---|---|---|
| Forex | ||
| Indices | ||
| Metals | ||
| Commodities | ||
| Stocks | ||
| Crypto |
| Instruments Futures | The Trading Pit | Topstep |
|---|---|---|
| Equity Futures | ||
| Foreign Exchange Futures | ||
| Agricultural Futures | ||
| Energy Futures | ||
| Interest Rate Futures | ||
| Metals Futures | ||
| Crypto Futures |
Funding Program Types
Prop firms have different program types to achieve a funded account.
Here’s the resume and comparison of the The Trading Pit and Topstep different program types.
| Prop Firm Programs | The Trading Pit | Topstep |
|---|---|---|
| One-Step Evaluation | ||
| Two Step Evaluation | ||
| Instant Funding |
Instant Funding Comparison
Instant funding programs give you access to a funded account immediately without needing to pass any challenge.
| Instant Funding Rules | The Trading Pit | Topstep |
|---|---|---|
| Profit Target | ||
| Max Daily Loss | ||
| Max Daily Drawdown | ||
| Max Loss | ||
| Max Drawdown | ||
| Minimum Trading Days | ||
| Maximum Trading Days | ||
| Profit Split |
One-Step Program Comparison
One-Step programs are programs that require a single challenge to be passed. As soon as you pass the challenge, achieving the required targets without breaking any rules, you’ll be rewarded with a funded account to trade.
Here’s the comparison table for the The Trading Pit and Topstep prop firms.
| One Step Rules | The Trading Pit | The Trading Pit | The Trading Pit | The Trading Pit | The Trading Pit | Topstep |
|---|---|---|---|---|---|---|
| Program Name | Forex Lite | Forex Standard | Forex VIP | Futures Lite | Futures Standard | N/A |
| Profit Target | 10% | 10% | 8% | 10% | 5% | |
| Max Daily Loss | 3% | 3% | 3% | 1% | ||
| Max Daily Drawdown | ||||||
| Max Loss | ||||||
| Max Drawdown | 7% | 7% | 10% | 5% | 2% | |
| Minimum Trading Days | 15 | 10 | 7 | 10 | 15 | |
| Maximum Trading Days | 90 | 90 | 90 | 30 | 30 | |
| Profit Split | 50%, up to 70% | 50%, up to 70% | 60%, up to 80% | 50% | 60% |
Two-Step Program Comparison
Two-Step programs require that you pass two different challenges before getting funded. Usually, each phase or each challenge has different targets and rules.
Here’s the comparison for The Trading Pit and Topstep.
| Two Step Rules | The Trading Pit | The Trading Pit | The Trading Pit | Topstep |
|---|---|---|---|---|
| Program Name | Forex Executive | Futures Executive | Futures VIP | Combine |
| Profit Target Step 1 | 6% | 2% | 1.2% | 6% |
| Profit Target Step 2 | 4% | 2% | 1.2% | 6% |
| Max Daily Loss | 3% + 2% | 1.7% + 0.7% | 1% + 0.4% | 2% |
| Max Daily Drawdown | ||||
| Max Loss | ||||
| Max Drawdown | 8% + 6% | 2.3% + 2.3% | 2% + 2% | 3 to 4% |
| Min Trading Days Step 1 | 7 | 7 | 5 | 5 |
| Min Trading Days Step 2 | 7 | 7 | 5 | |
| Max Trading Days Step 1 | 90 (total both phases) | 30 (total both phases) | 60 (total both phases) | |
| Max Trading Days Step 2 | 90 (total both phases) | 30 (total both phases) | 60 (total both phases) | |
| Profit Split | 60%, up to 80% | 60% | 70% | 90% |
Trustpilot Reviews
Trustpilot is a reputable platform when it comes to reviewing products and services.
Here is the rating that The Trading Pit and Topstep have on Trustpilot.
| Trustpilot Stats | The Trading Pit | Topstep |
|---|---|---|
| Stars | ||
| Trustpilot Rating | 4.8/5.0 | 4.9/5.0 |
| Number of Reviews | 98 | 1,558 |
Free Stuff
Being able to test a prop firm before we commit and purchase is a good thing. We can get used to their trading platform, and understand spreads, commissions, and rules.
Some proprietary firms also offer free repeats in some circ*mstances, and also free resets, to be able to reset our account before the challenge period is over, in case things are not going as we wanted.
Here’s the comparison for The Trading Pit and Topstep prop firms.
| Free Stuff | The Trading Pit | Topstep |
|---|---|---|
| Free Trial | ||
| Free Repeat | ||
| Free Reset |
Trading Styles
Some prop firms may be better for you than others depending on your trading style. In this table, you can see the comparison between the trading styles allowed by The Trading Pit and Topstep prop firms.
| Trading Styles | The Trading Pit | Topstep |
|---|---|---|
| Scalping | ||
| Day Trading | ||
| Swing Trading | ||
| Copy Trading | ||
| News Trading | ||
| EAs/Bots/Algos Trading | ||
| Arbitrage Trading | ||
| HFT Trading |
Trading Hours
Although most proprietary firms are more oriented to day trading, some allow holding positions overnight and even on weekends.
Here’s what is allowed by The Trading Pit and Topstep.
| Trading Hours | The Trading Pit | Topstep |
|---|---|---|
| Holding Overnight | ||
| Holding Over Weekend |
Trading Platforms
We all like to use the trading platform that we are used to. For this reason, prop firms support different trading platforms.
Here’s an extensive list of the platforms supported by The Trading Pit and Topstep.
| Supported Platforms | The Trading Pit | Topstep |
|---|---|---|
| MT4 | ||
| MT5 | ||
| cTrader | ||
| Proprietary | ||
| Web | ||
| NinjaTrader | ||
| Tradovate | ||
| Rithmic | ||
| TigerTrade | ||
| OptimusFlow | ||
| InsideEdge Trader | ||
| Volfix | ||
| ATAS | ||
| Overcharts | ||
| Medved Trader | ||
| Quantower | ||
| QST | ||
| ScalpTool | ||
| TSLAB | ||
| TradeNavigator | ||
| SierraChart | ||
| MultiCharts | ||
| Photon | ||
| MotiveWave | ||
| RInvestor | ||
| Bookmap X-Ray | ||
| T4 | ||
| Jigsaw Daytradr | ||
| Edgeclear | ||
| Finamark | ||
| Agena Trader | ||
| QScalp | ||
| Track N Trade | ||
| eSignal | ||
| Collective2 |
Leverage
The leverage provided by the prop firm may be an important factor when choosing it. This is especially true for day trading or scalping, where the position size is usually significantly bigger than for swing trading.
Here’s a comparison of the leverage provided by The Trading Pit and Topstep prop firms.
| Leverage CFDs | The Trading Pit | The Trading Pit | Topstep |
|---|---|---|---|
| Program Name | Forex | Futures | Combine |
| Forex | 1:30 | ||
| Indices | 1:30 | ||
| Metals | 1:30 | ||
| Commodities | 1:30 | ||
| Stocks | 1:30 | ||
| Crypto | 1:30 |
| Leverage Futures | The Trading Pit | The Trading Pit | Topstep |
|---|---|---|---|
| Program Name | Forex | Futures | Combine |
| Futures | 1:1 | 1:1 |
Payments
Proprietary firms have several ways of payment.
Here’s a table with the comparison between the payment methods accepted by The Trading Pit and Topstep.
| Payment Types | The Trading Pit | Topstep |
|---|---|---|
| Wire Transfer | ||
| Paypal | ||
| Neteller | ||
| Skrill | ||
| Crypto | ||
| Credit Card | ||
| Google Pay | ||
| Payoneer | ||
| Coinbase | ||
| Binance | ||
| Revolut | ||
| Wise | ||
| Deel Card | ||
| Nuvei | ||
| Checkout.com | ||
| Confirmo |
More Resources
- Compare any prop trading firm with our prop firm comparison tool
- List of thebest prop trading firms
- What isprop trading?
